Northwest Indiana 6 Unit Property
3712 Deodar St. East Chicago IN 46312
$70,000 Per Unit
In Place NOI
Target CAP Rate
Today's Market Value
Target Purchase Price
Market CAP Rate
Value w/Market Rents
Cost Per Unit
Purchase at target price with 25% down payment. Upon lease expirations, raise rents to market rate. The 4 bedroom unit is significantly under leased. Refinance and pull cash out based on higher value of the property.
About The Property
A well maintained 6-unit apartment building in East Chicago, IN. Currently at full occupancy with (5) 2-bedrooms and (1) 4-bedrooms (one of the 2 bedrooms is in the process of being leased). Rented at near market rents. Take advantage of Indiana's low property taxes and landlord favorable eviction laws.
About The Neighborhood
East Chicago sits over the Illinois-Indiana border. The City is investing huge amounts of money into improving the downtown area - which is propped up by the AmeriStar Casino. Next door, the brand new Hard Rock Casino is bringing jobs and revenue to the area.
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Who pays what - Landlord Vs. Tenant
Comparable multi family properties that have sold in the area.
Comparable multi family units that have been rented in the area.
Market report showing trends and insights.
Purchase Price of Property
This column shows the current financial state of the subject property. These inputs are factual and they are based on verified information.
Year 2 Pro Forma
This column is based on a stabilized condition of the subject property. These inputs assume proper property performance by using our investment suggestions (proper management, bringing rents up to market rate, vacancy absorption, etc).
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View the return metrics based on various inputs.
"Annual Net Income", "Monthly Cash Flow", "Cash on Cash Return", "Equity Value", and "Equity Multiple" are based off of the "Year 2 Pro Forma" column inputs.
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